Breaking News

You are here » Indian-Commodity  :  Investment  :  Kridhan Infra acquires additional 4.61% stake in VNC

29-Mar2018

Kridhan Infra acquires additional 4.61% stake in VNC

Kridhan Infra (KIL) has acquired an additional 4.61% stake in Vijay Nirman Company (VNC). As a part of this transaction, VNC has allotted 14,99,475 fresh equity shares to KIL. Post this transaction, KIL holding in Vijay Nirman has increased to 41.47%.

Last year in December, the company had signed a Share Subscription Agreement (SSA) to significantly enhance its strategic stake in VNC and this transaction is a part of that agreement.

Kridhan Infra is an ISO 9001:2008 certified infrastructure solutions company. Established in 2006 with headquarters in Mumbai, Kridhan Infra is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.



Related News

View all news

Tata Steel acquires 8.89% OCRPS of Tata Steel BSL

Tata Steel has acquired 230,00,00,000 - 8.89% Optionally Convertible Redeemable Preference Shares (OCRPS) of face value Rs 10 each, of Tata Steel BSL (TSBSL), for the consideration aggregating to Rs 2,300......

Infibeam Avenues acquires entire stake in Vavian International

Infibeam Avenues has acquired 100% stake of Vavian International, a Company formed and registered in Dubai from Infibeam Global EMEA FZ-LLC, the wholly owned subsidiary of the Company and hence, Vavian......

Amarjothi Spinning Mills acquires stake in Premchander Green energy

Amarjothi Spinning Mills has acquired 7400 equity shares of Rs 10 each in the share capital of Premchander Green energy. The company has also acquired 7400 equity shares of Rs 10 each in the share capital......

Top News

View all news

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......